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Updated almost 5 years ago on . Most recent reply

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834
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449
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Danny Webber
  • Real Estate Broker / Investor
  • Austin, TX
449
Votes |
834
Posts

This will accelerate the chaos and foreclosures in the RE Market

Danny Webber
  • Real Estate Broker / Investor
  • Austin, TX
Posted
"No $600 A Week Unemployment Check In GOP’s Plan For Next Stimulus Bill"

Anyone on unemployment after this week will effectively be losing the equivalent of $2,600 a month in income. Many of these folks were using this to cover everyday expenses but some were using it to pay their mortgages/rent. This will accelerate "Something" happening in the RE Market. It is too early to tell but signs point to increased FC's/Evictions/Liens etc....

There has not been any mention in the news about bailouts in regard to mortgages/evictions/delinquent taxes/etc to save the homeowner or investor. 

Are there opportunities here?

https://www.forbes.com/sites/jackbrewster/2020/07/21/no-600-a-week-unemployment-check-in-stimulus-bill-gop-says/#6157a8411c33

  • Danny Webber

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